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Glatfelter
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York, Pennsylvania, USA, 27 January 2010 –  Glatfelter (NYSE:GLT) announced today that it plans to sell up to USD 100 million of debt securities during the first quarter of 2010 in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended. Glatfelter intends to use the net proceeds from the sale, along with borrowings under its revolving credit facility and cash on hand, to fund the acquisition by its wholly-owned subsidiary, Glatfelter Canada Inc., of Concert Industries Corp.

The debt securities will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This announcement is not an offer to sell or a solicitation of an offer to buy such debt securities.
 
Headquartered in York, Pennsylvania, Glatfelter is a global manufacturer of specialty papers and engineered products, offering more than a century of experience, technical expertise, and world-class service. U.S. operations include facilities in Spring Grove, Pennsylvania, and Chillicothe and Fremont, Ohio. International operations include facilities in Germany, France, the United Kingdom, and the Philippines, representative offices in China, and a sales and distribution office in Russia. Glatfelter’s sales exceed USD 1 billion annually and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Additional information is available at www.glatfelter.com.


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